ADA price hits $3 for the first time as Cardano, Ethereum lead crypto super bull cycle
There's a firm sense of "altseason" across crypto markets Thursday, with one analyst calling the next phase of a "super bull cycle." Cardano’s ADA token surged to new all-time highs on Sep. 2 as an altcoin comeback gripped cryptocurrency markets. Data from Cointelegraph Markets Pro and TradingView showed ADA/USD clipping $3.06 during trading Thursday.
Having shown strength for multiple weeks, Cardano benefited from a broader altcoin resurgence after attempting to hit the $3 mark throughout the second half of August. The move coincided with the launch of the Cardano Alonzo testnet, ahead of a mainnet debut later this month. At the time of writing, ADA/USD remained above $3 while taking a break at $3.066 on Binance.
Weekly gains totaled 17.2%, while Ether (ETH) nonetheless outshined within the top-ten cryptocurrencies by market cap with 20.5% weekly returns. ETH/USD traded at almost $3,800 Thursday, around $600 short of its historic all-time highs seen in mid-May.
Stars align for a crypto bull run
ETH had begun the upwards moves for altcoins, which originally came about as Bitcoin (BTC) cooled around $47,000. As BTC/USD then began to follow suit, a snowball effect appeared to enter the market, with all but three of the top-50 crypto tokens in the green on the day.
“We're entering the second phase of this super bull cycle and I like it. Enjoy it,” Cointelegraph contributing analyst Michaël van de Poppe summarized.
As Cointelegraph reported, the foundations appear to be in place for renewed strength in Bitcoin and altcoins, the former's on-chain metrics and fundamentals firmly bullish.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 89.2% | 8 | $36 947.77 | -1.06% | -1.21% | $722 517 987 780 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76% | 49 | $2 006.98 | -1.94% | -0.25% | $241 327 503 957 |  |
|
| 3 |  USDT |
Tether predictions | 93.2% | 1 | $1.000106 | -0.01% | -0.03% | $88 908 308 061 |  |
|
| 4 |  BNB |
Binance Coin predictions | 81.6% | 28 | $225.88 | -1.16% | -13.20% | $34 266 144 454 |  |
|
| 5 |  XRP |
XRP predictions | 76.8% | 42 | $0.599360 | -0.94% | -1.73% | $32 255 761 880 |  |
|
| 6 |  USDC |
USD Coin predictions | 94% | 1 | $0.999945 | 0% | 0.02% | $24 452 239 909 |  |
|
| 7 |  SOL |
Solana predictions | 56.8% | 87 | $54.93 | -1.57% | -2.13% | $23 259 800 805 |  |
|
| 8 |  ADA |
Cardano predictions | 70% | 62 | $0.370958 | -3.20% | -3.22% | $13 094 166 560 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 75.2% | 48 | $0.077136 | -4.06% | 0.31% | $10 954 291 481 |  |
|
| 10 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  TRX |
TRON predictions | 81.2% | 27 | $0.101641 | -4.10% | 0.18% | $9 001 259 365 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 82% | 30 | $0.101320 | -4.87% | 0.51% | $8 972 888 283 |  |
|
| 13 |  TON |
Toncoin predictions | 80% | 31 | $2.43 | 2.70% | 4.28% | $8 334 169 287 |  |
|
| 14 |  LINK |
Chainlink predictions | 63.6% | 69 | $13.97 | -3.35% | -1.89% | $7 781 668 263 |  |
|
| 15 |  AVAX |
Avalanche predictions | 57.6% | 86 | $19.69 | -3.93% | -5.98% | $7 187 470 859 |  |
